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BABA

META

Alibaba's shares rose 4% in premarket trading after unveiling over 100 new AI models and a text-to-video tool. The models, named Qwen 2.5, are open-source and designed for various applications, enhancing Alibaba's AI capabilities. The company aims to rival major players like Microsoft and Amazon by expanding its AI offerings.

Portfolio Pulse from Benzinga Neuro

September 19, 2024 | 10:32 am

HDRO

HYDR

PLUG

Plug Power Inc. (NASDAQ:PLUG) shares are surging premarket after securing a 25 MW order for its electrolyzer systems from BP and Iberdrola's joint venture. This project aims to decarbonize BP's Castellón refinery in Spain, marking the start of a long-term collaboration. Plug Power also received a $10 million grant from the U.S. Department of Energy for hydrogen refueling infrastructure. Investors can access the stock via Global X Hydrogen ETF (NASDAQ:HYDR) and ETF Series Solutions Defiance Next Gen H2 ETF (NYSE:HDRO).

Portfolio Pulse from Lekha Gupta

September 19, 2024 | 10:21 am

MVPA

OCTA

TTE

TotalEnergies has extended its LNG deal with CNOOC by five years, securing long-term sales in Asia and reducing exposure to spot market gas prices. The company also signed a 10-year LNG deal with BOTAŞ and formed a joint venture with Adani Green for a solar project in India.

Portfolio Pulse from Lekha Gupta

September 19, 2024 | 10:14 am

BTCUSD

ETHUSD

Michaël van de Poppe, a cryptocurrency analyst, predicts a bull market for Bitcoin, Ethereum, and DeFi following the Federal Reserve's decision to cut interest rates by 50 basis points. He anticipates further rate cuts, which he views as bullish for cryptocurrencies. Bitcoin and Ethereum have seen price increases following the announcement.

Portfolio Pulse from Benzinga Neuro

September 19, 2024 | 10:07 am

COHR

Coherent Corp. has launched a new energy-efficient 980 nm micro-pump laser, which reduces power consumption for network amplifiers. This innovation is significant for data center interconnects and metro and long-haul networks, offering a powerful output with lower energy use.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 10:02 am

TBIO

VERO

XCUR

ZEO

Exicure, Inc. (NASDAQ:XCUR) shares surged 179.9% in pre-market trading after receiving a Nasdaq listing extension. Other notable pre-market movers include Zeo Energy Corp. (NASDAQ:ZEO) up 288.9%, Telesis Bio, Inc. (NASDAQ:TBIO) up 138.4%, and Venus Concept Inc. (NASDAQ:VERO) up 82.8%.

Portfolio Pulse from Avi Kapoor

September 19, 2024 | 9:26 am

AMD

NVDA

AMD CEO Lisa Su emphasizes the need for diverse computing solutions in the AI chip race against Nvidia. AMD is shifting focus from gaming GPUs to AI, projecting significant sales growth. The AI market competition is intensifying, with both companies aiming for larger market shares.

Portfolio Pulse from Benzinga Neuro

September 19, 2024 | 9:19 am

CRM

QQQ

Jim Cramer predicts that recent Federal Reserve rate cuts will not lead to a significant rally in tech stocks, as these companies are less impacted by such monetary policy changes. Instead, consumer-oriented companies may benefit more from the rate cuts.

Portfolio Pulse from Benzinga Neuro

September 19, 2024 | 8:26 am

TSLA

VWAGY

Tesla's vehicle registrations in the EU dropped by 15% in the first eight months of 2024, reflecting a slowdown in EV demand. In contrast, Volkswagen, Volvo, and Toyota saw increases in registrations. The ACEA has called for urgent relief measures due to upcoming CO2 targets.

Portfolio Pulse from Anan Ashraf

September 19, 2024 | 8:05 am

GOOGL

NVDA

TSLA

Morgan Stanley analyst Adam Jonas reiterated an Overweight rating and $310 price target for Tesla, highlighting the importance of Elon Musk's xAI in Tesla's autonomous ambitions. xAI's compute resources, including Nvidia's H100s, are crucial for Tesla's AI development. Tesla's competition with Waymo in the robotaxi space is intensifying.

Portfolio Pulse from Shanthi Rexaline

September 19, 2024 | 6:58 am